October [censored] thread

[technologic]

[ QUOTE ]
Yeah, I certainly wouldn't exclude companies that don't plan on paying dividends, and are upfront about it. I don't think he was saying those stocks should be avoided based only on that.

But from the wording he uses, it seems that he's saying some companies that promised to pay dividends will sometimes back out and not pay them when they get into some financial trouble. As opposed to a company that never promised to pay them. And as opposed to a company that has a record of paying them even when they were in trouble.

[/ QUOTE ]

i think he's talking about if a stock has a regularly scheduled dividend payment per quarter and sticks to that consistently, then it's solid in the case that it's not taking overaggressive bets on things that could go wrong (with "one off" losses, "unexpected market conditions", etc.)

[Messiahkid]

Financials. That is all.

[ahnuld]

Not sure if the financials are oversold or not. I bought my positions mid august for what I thought was a good price. If I learned anything though its when you are buying for value and some bad news hits a whole group that gets really sold off, dont buy the company that gets hit the hardest for apparently no really big reason (MER,C) buy the company that has the reputation for excellence that got hit as well (GS). In bad times the cream separates itself more clearly from the crap.